Home Values

06840 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,345,800

  • 5.5% 1-year change
  • 1.0% 1-year forecast

The median home value in 06840 is $1,345,800. 06840 home values have gone up 5.5% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in 06840 is $486, which is lower than the New Canaan average of $489. The median price of homes currently listed in 06840 is $1,950,000 while the median price of homes that sold is $1,192,850.

Foreclosures will be a factor impacting home values in the next several years. In 06840 3.1 homes are foreclosed (per 10,000). This is lower than the New Canaan value of 3.3 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 06840 is 6.0%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 06840 homeowners underwater on their mortgage is 4.0%, which is the same as New Canaan at 4.0%.

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Relative ZHVI
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06840 Market Overview

Data through Nov 30, 2014
  • $1,345,800 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $1,950,000 Median listing price
  • $1,192,850 Median sale price (Oct 31, 2014)
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06840 Market Health

Data through Nov 30, 2014
  • 4.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 4.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes 06840
3.3 homes New Canaan
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
06820 $1,400,100
10576 $950,900
06897 $758,900
Name Median ZHVI
06903 $697,800
06905 $488,900
06907 $432,400
Name Median ZHVI
06906 $395,100
06851 $392,700
06850 $371,400

Listings & Sales

Data through Nov 30, 2014
  • $486 Median list price / sq ft
  • $396 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
25.2%
Sold below listing
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06840 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $6,170 06840
    $6,098 New Canaan
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.13 Rent list price / sq ft
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